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, our own phil lebeau with more details on that. >> reporter: good morning, kate. we're here at the l.a. auto so where as they get ready to open the show, a lot of talk is about what's happening with tesla. a few minutes ago, this tweet from elon musk, the ceo of tesla. he says why does a tesla fire with no injury get more media headlines than 100 gas car fires that kill hundreds of people per year? what he's referencing is the fact that the national highway traffic safety administration has opened a formal investigation into the model s battery fires. in doing so the agency said the investigation was prompted by recent incidents in washington state and tennessee that resulted in battery fires due to undercarriage strikes with roadway debris. nobody was injured, nobody was killed in either of the tesla model s fires and tesla this morning said it asked the national highway traffic safety association to launch a formal investigation. it brings up the question, will there be a rrl? this is what elon musk said at the deal book contract just last week when andrew ross sorkin asked him abo
beating the streets by a penny. company's delivery numbers were lower than expect. phil lebeau joins us. >> reporter: this is a third quarter where they reported better as their own guidance but not as good as any were expecting. you mentioned delivery. for the third quarter they delivered 5,500 model s, some were talking about 5,700 or 5,800. there was some of the disappointment. the gross margin, however, at 21% is a little higher than most on wall street were expecting and now they're planning to deliver 21,500 this year. and deliveries are being increased to europe and to a certain extent pulling back a bit in terms of delivering here in the u.s. what about china, who many view as a great growth market? that will start in the first quarter of next year and already elon musk is saying they're seeing great interest -- they're more on the supply side than on the demand side. >> we're supply constrained not demand constrained. we're working hard to address the construction constraint. the thing that people quite don't get is we're different in that fundamental way from other car compani
, prompting companies around the world to open up more plans there, fill le beau joins us live from mexico with some more on this phenomenon. good morning, phil. >> reporter: good morning, kelly. we're on the floor of the plant for a japanese auto parts supplier. they are going to be building exhaust systems as well as control modules for nissan, general motors, mazda, they're exploetding here. they're in the midst of a hiring boom. they are going to 1,400 workers a year ago. by the time this expansion is done in the next few years, they'll be up to 3,100 workers. that's what we are seeing throughout mexico when you look at the auto and aerospace industry. this has become the hottest place for the growth of those jobs. primarily because it benefits from a number of factors, including trade agreements, low cost, et cetera. take a look at this, a lot of people sit there and say, around they shipping jobs to china? look at the cost difference for jobs and exports out of mexico versus china versus the united nations united states. they have to realize members ka has become the hottest export h
to lagging sales. our phil lebeau explains in chicago. hey, phil. >> reporter: this is about the new vehicle that lincoln has unveiled today, called the mkc. let's look at it. it's really a small crossover utility vehicle. they're calling it a small suv. but it's built on a car platform. it will start at just under $34,000. now, lincoln is hoping the mkc captures the growing demand for small suvs and luxury crossover utility vehicles. year-to-date, lincoln sales down 3%. they've had no traction at all, while the luxury market overall is up 11%. but the head of lincoln says he believes things are starting to turn around. >> as the luxury business is about brand, it's about contribution margin, and it's about customers buying the best product. and we are really pleased to see that our price on the new mkc are up almost $6,000. our hybrid mix is over 30% now, which is something we didn't expect, frankly. >> reporter: so there are some metrics that are moving in favor of lincoln, which really has been stuck in the mud for a long time. but jim farley thinks they can bring it around. the showrooms
. >> we are getting numbers on auto sales. chrysler already came out with a miss. phil lebeau has ford numbers. >> reporter: these are slightly below the estimate, overall ford for the month of october, an increase of sales of 14%. again, the street was expecting 15.5%. a couple of numbers stand out here. the best retail sales for the month of october since 2004. we usually don't focus on just one month. that is interesting. best retail sales since 2004. the f-series, it continues to be just incredible. up 63,000 in terms of total sales, up 13% for the month. that is the sixth straight month with f-series sales of greater than 60,000. guys back to you. >> phil, thank you for that. >> the stock does anything. >> i was going to ask you, you know, we've seen some of the whole sale inventory numbers showing stockpiling at auto dealers. some of the loans are stretched out. >> gm stories there about no deals, deals, i think if you don't offer these deals, you got to stay on that treadmill. these stocks have stalled. i don't know why. i'm saying that it's not as easy because europe is turning
the industry. phil lebeau is in mexico with carlos goen. phil, over to you. >> reporter: thank you, kelly. we have a busy day in new york, and also a busy day here in mexico. and carlos is joining me, chairman of nissan-renault. a lot of the plant here, why now? >> yes, we're already here. >> correct. >> we have a plant that's full. 175,000 cars a year capacity, capable of doing four cars. but it will be filled with one car, the central behind me, demand is strong in the united states, and very strong, also, in mexico. little by little, mexico is becoming an export hub for the americas. >> the weaker yen. obviously, you're more diversified than many of the japanese counterparts around the world. how much has it benefited you? does it make it a little -- put less pressure on you to diversify the base even more? >> no, i said when the end was 75 or 76, we need to hit 100 in order to -- for the end to be neutral. we're there. i think it's neutral for the moment. i don't think there's an advantage. i don't think there is a handicap. we are much more diversified than our competitors in japan. we f
on the verge of an unprecedented deal that will get the company through the bulk of its orders. phil lebeau has the details out of chicago. good morning, phil. >> reporter: good morning. this is important for boeing and machinists. they're saying are we're sure we're going to have labor peace through the rest of the decade? that's what it looks like as they're close to signing a deal. for boeing as they close in on this deal, the labor contract, if they agree to a new one, would ensure the 777x, that it would largely be assembled in the puget sound area. what does boeing get out of this deal? a new contract that would run through at least 2020 and perhaps several years after that, ensuring labor peace for boeing for several years, which is going to be critical as they go through the rest of this decade. you've got to go back to 2008, the last time that boeing had to deal with a strike by the machinist union. when you look at boeing's back log, the important thing is boeing wants the certainty about the fixed labor costs for more than 4,700 planes. this is a all-time record. the value, $345 bill
, lobiondo, graves of georgia, mrs. capito, mrs. miller of michigan, messrs. hunter, beau chon, gibbs, hanna, webster of florida, rice of south carolina, mullen, rodney davis of illinois, rahall, defazio, ms. brown of florida, ms. eddie bernice johnson of texas, mr. bishop of new york, ms. edwards, ms. hahn, mrs. frankel of florida and mrs. bustos. for the committee on natural resources for sections 103, 115, 144, 106 and 220 of the house bill and sections 2017, 2027, 5,002, 33, 2051, 3,005, 5,020, ,007, 5,118, title 12 and section 1300 of the senate amendment and modifications committed to the conference, messrs. hastings of washington, bishop of utah and mrs. napolitano. the speaker pro tempore: for what purpose does the gentleman from kansas seek recognition? >> mr. speaker, i ask unanimous consent to take from the speaker's table house resolution 1848 with a senate amendment thereto and to concur in the senate amendment. the speaker pro tempore: does the gentleman mean to call up h.r. 1848? >> i do. the speaker pro tempore: the clerk will rorpt title of the bill and the senate amendment
Search Results 0 to 7 of about 8

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